Safe Rate Rankings

Best Bank Mortgage Lenders in Memphis

Updated February 5, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders27

Total Loans4,205

Median Rate Spread0.17%

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Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Patriot BankBank	Exceptional	Exceptional	Strong	Exceptional	$1,296Fees	0.027%Below	399
2	Pinnacle BankBank	Exceptional	Strong	Strong	Exceptional	$2,324Fees	0.096%Above	402
3	Trustmark National BankBank	Strong	Sound	Exceptional	Exceptional	$2,143Fees	0.219%Above	335
4	Eagle Bank and Trust CompanyBank	Strong	Sound	Exceptional	Exceptional	$3,142Fees	0.296%Above	272
5	Financial Federal BankBank	Strong	Strong	Strong	Strong	$661Fees	0.088%Below	121
6	Bank of America, National AssociationBank	Strong	Strong	Strong	Strong	$2,610Fees	0.007%Below	77
7	Cadence BankBank	Strong	Sound	Strong	Exceptional	$2,250Fees	0.001%Above	421
8	Wells Fargo Bank, National AssociationBank	Strong	Strong	Sound	Strong	$2,263Fees	0.050%Above	84
9	Truist BankBank	Strong	Strong	Strong	Sound	$2,324Fees	0.218%Above	61
10	U.S. Bank National AssociationBank	Strong	Strong	Strong	Sound	$847Fees	0.251%Above	48
11	BankPlusBank	Strong	Strong	Strong	Sound	$1,230Fees	0.171%Above	41
12	First Horizon BankBank	Strong	Sound	Strong	Strong	$1,343Fees	0.086%Above	241
13	Regions BankBank	Strong	Sound	Strong	Strong	$1,957Fees	0.462%Above	240
14	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Strong	$2,244Fees	0.021%Above	199
15	Evolve Bank & TrustBank	Strong	Sound	Strong	Strong	$2,288Fees	0.220%Above	181
16	Simmons BankBank	Strong	Sound	Strong	Strong	$1,504Fees	0.723%Above	107
17	FirstBankBank	Strong	Sound	Exceptional	Sound	$1,681Fees	0.534%Above	52
18	First Citizens National BankBank	Strong	Strong	Sound	Sound	$829Fees	0.319%Below	36
19	Renasant BankBank	Strong	Acceptable	Exceptional	Strong	$2,320Fees	0.300%Above	200
20	Community Bank of MississippiBank	Strong	Acceptable	Exceptional	Strong	$2,131Fees	0.265%Above	57
21	Bank of EnglandBank	Strong	Acceptable	Strong	Strong	$2,655Fees	0.213%Above	104
22	USAA Federal Savings BankBank	Strong	Sound	Sound	Sound	$1,635Fees	0.109%Below	53
23	Independent BankBank	Sound	Acceptable	Sound	Strong	$2,320Fees	0.386%Above	110
24	Flagstar Bank, N.A.Bank	Sound	Acceptable	Strong	Sound	$2,807Fees	0.421%Above	64
25	The Federal Savings BankBank	Sound	Mediocre	Sound	Sound	$3,381Fees	0.575%Above	28

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.